iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High – Here’s What Happened

iShares Convertible Bond ETF (BATS:ICVT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $89.63 and last traded at $88.94, with a volume of 297115 shares traded. The stock had previously closed at $89.28.

iShares Convertible Bond ETF Trading Up 0.6 %

The stock has a fifty day moving average of $85.40 and a 200 day moving average of $81.61.

Institutional Trading of iShares Convertible Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ICVT. EverSource Wealth Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 210.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. LGT Financial Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 336.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. International Assets Investment Management LLC bought a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $33,000. Mattson Financial Services LLC bought a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $61,000. Finally, Brown Financial Advisors bought a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $95,000.

iShares Convertible Bond ETF Company Profile

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles.